Transport sector plans to reach public investment disbursement rate of 98% this year

09:24 | 20/08/2024 Investment Follow Ven.vn on

The Ministry of Transport plans to disburse 75.824 trillion VND (3.03 billion USD) or 98.5% of the allocated public investment to the ministry this year, according to the Department of Planning and Investment's report.

As of the end of July, the ministry reports a disbursement rate of 49.2%, meaning that around 30.8 trillion VND had been disbursed.

Transport sector plans to reach public investment disbursement rate of 98% this year

A road project using public investment in Kim Thanh district, Hai Duong province. (Photo: VNA)

As the sum of capital to be disbursed in the remaining months of this year remains large, at more than 45 trillion VND, the pressure to fulfil the public investment disbursement goal is significant.

Disbursement is being hampered too with numerous projects still in the process of completing investment procedures or facing with bottlenecks in site clearances, along with forecasts of unfavourable weather conditions on the way, the department said.

The department urged greater determination from developers and contractors to speed up the disbursement process and added they will be keeping close watch on progress.

In 2025, the ministry plans to disburse around 77.642 trillion VND worth of public investment, an increase of 5.175 trillion VND compared with the previous plan.

The total public investment planned to be allocated to the Ministry of Transport is 396.435 trillion VND in 2021-25 period.

Source: VNA

See more news

Foreign capital influx permeates southern real estate market

10:06 | 06/10/2024 FDI

Foreign investment are continuously poured into the real estate market in southern localities, resulting in the emergence of a series of new property projects in the past eight months.

Foreign investment surpasses 24.78 billion USD in nine months

09:27 | 04/10/2024 FDI

Total registered foreign investment into Việt Nam has exceeded US$24.78 billion as of September 30, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Brescia province's business community interested in Vietnamese market

09:16 | 04/10/2024 FDI

Vietnamese Ambassador to Italy Duong Hai Hung on October 1 attended a business forum on Southeast Asian markets held in the city of Brescia in Northern Italy, at the invitation of President of the Federation of Employers (Confindustria) of Brescia province Franco Gusalli Beretta.

Long Son Petrochemicals complex starts commercial operation

15:14 | 03/10/2024 FDI

Long Son Petrochemicals (LSP)’s integrated petrochemical complex, the first of its kind in Vietnam, was put in commercial operation on September 30.

Ba Ria – Vung Tau shows excellent performance in improving investment environment

09:04 | 02/10/2024 Investment

Good performances in the Provincial Competitiveness Index (PCI), green index, and investment attraction show that the southern province of Ba Ria - Vung Tau has continuously made efforts to improve the investment and business environment, and to reform administrative procedures towards pursuing the goal of green and sustainable development.

Garment - textile industry pins high hopes on FDI inflows

11:11 | 01/10/2024 Investment

HANOI – Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of 37 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).

French company inaugurates automated Vietnamese spring roll production line

09:52 | 01/10/2024 Investment

France’s Bretinov company on September 27 inaugurated the first ever automated Vietnamese spring roll production line, which is the combination of modern French technology and traditional Vietnamese cuisine.

Deli Group breaks ground for 270 million USD stationery factory in Hai Duong

18:27 | 29/09/2024 FDI

China’s Deli Group broke ground for its new stationery manufacturing plant at the Dai An Expanded Industrial Park in the northern province of Hai Duong on September 28.

Khanh Hoa draws Korean investors to green, sustainable industries

17:16 | 28/09/2024 Investment

The Khanh Hoa – Republic of Korea (RoK) investment promotion conference took place in Seoul on September 27, drawing over 150 Korean firms.

PM expects Germany to soon ratify EU-Vietnam Investment Protection Agreement

09:42 | 28/09/2024 Investment

Prime Minister Pham Minh Chinh proposed that the German parliament soon ratify the EU-Vietnam Investment Protection Agreement (EVIPA), during his reception for newly-accredited German Ambassador to Vietnam Helga Margarete in Hanoi on September 27.

tong-cong-ty-phan-bon-hoa-chat-dau-khi-dam-phu-my

Latest Most Read

Implementation plan for the US$3.4 billion Thu Thiem - Long Thanh railway project

21:57 | 12/10/2024 Society

Thu Thiem-Long Thanh railway project, a nearly-42-kilometer line, is estimated to cost over US$3.4 billion.

Chinese Premier arrives in Hà Nội, beginning official visit to Việt Nam

20:40 | 12/10/2024 News and Events

HÀ NỘI — Chinese Premier Li Qiang arrived in Hà Nội on Saturday evening, starting a three-day official visit to Việt Nam at the invitation of Prime Minister Phạm Minh Chính.

RoK companies step up investment in hi-tech industries in Vietnam

17:48 | 12/10/2024 FDI

Vietnamese, Chinese Parties strengthen relations

17:38 | 12/10/2024 Vietnam and other regions

A delegation of the Communist Party of Vietnam (CPV) led by Luong Cuong, Politburo member and permanent member of the CPV Central Committee's Secretariat, is on a working visit to China from October 9-12 to realise the common perceptions reached by the high-ranking leaders of the two Parties and countries in recent times.

Top leader attends opening of new academic year at Vietnam National University of Agriculture

17:29 | 12/10/2024 News and Events

Party General Secretary and State President To Lam on October 12 visited the Vietnam National University of Agriculture (VNUA) and attended a ceremony to open the 2024-2025 academic year of the school and inaugurate a project to enhance training and science and technology capacity using ODA capital from the World Bank.

MoIT leader accompanies PM on a visit to Laos-based Unitel

17:57 | 08/10/2024 News and Events

(VEN) - On the afternoon of October 8, in the capital city of Vientiane, Laos, Prime Minister Pham Minh Chinh, leading a high-ranking Vietnamese delegation, visited and worked with Star Telecom (Unitel) – a Laos-based joint venture of a Vietnamese telecoms conglomerate – Viettel. The working session took place as part of the Prime Minister’s official trip to Laos for the 44th and 45th ASEAN Summits and related high-level meetings.

MoIT leader accompanies PM at ASEAN Business and Investment Summit 2024

18:05 | 08/10/2024 News and Events

(VEN) - On the afternoon of October 8, in Vientiane, the capital of Lao People’s Democratic Republic, Minister of Industry and Trade Nguyen Hong Dien accompanied Prime Minister Pham Minh Chinh to attend the ASEAN Business and Investment Summit 2024.

Vietnamese Prime Minister meets with Philippine President in Vientiane

08:41 | 09/10/2024 News and Events

Vietnamese Prime Minister Pham Minh Chinh met with Philippine President Ferdinand Romualdez Marcos Jr. in Vientiane, Laos, on October 8 on the occasion of their attendance at the 44th and 45th ASEAN Summits and related summits.

PM works with Vietnamese representative agencies in Laos

08:54 | 09/10/2024 News and Events

Prime Minister Pham Minh Chinh on October 8 worked with staff of the Vietnamese Embassy and Vietnamese representative agencies in Laos on the occasion of his attendance at the 44th and 45th ASEAN Summits and related summits in Vientiane.

Vietnamese NA supports Laos’s chairmanship of ASEAN, AIPA: Official

08:47 | 09/10/2024 News and Events

Vice Chairman of the Vietnamese National Assembly (NA) Tran Quang Phuong paid a courtesy call on Chairman of the Lao NA Saysomphone Phomvihane in Vientiane on October 8, saying that the Vietnamese side supports Laos’s Chairmanship of the Association of Southeast Asian Nations (ASEAN) and the ASEAN Inter-Parliamentary Assembly (AIPA).

Multimedia

Video Longform Infographic Photo

Vietnam-China trade ties: A growing pillar of partnership

10:00 | 12/10/2024 Infographic

Economic, trade, and investment cooperation has steadily progressed, emerging as key aspects of the Vietnam-China relationship in recent times.

Hanoi Liberation: Important milestones

15:39 | 09/10/2024 Infographic

Over the past 70 years, Hanoi has evolved into one of Southeast Asia's key cities, characterized by rapid and sustainable economic growth. The capital, with its rich cultural heritage spanning a millennium, embodies the enduring spirit of the ancient Thang Long capital and the beauty of its landscapes. Today, it stands as a vital hub for showcasing and celebrating Vietnamese intellect.

Vietnam makes active contributions to ASEAN development

09:15 | 09/10/2024 Infographic

Vietnam, guided by the principles of proactivity, positivity, and responsibility, has made significant contributions to ASEAN cooperation throughout its journey with the organization. These efforts exemplify Vietnam's consistent spirit of peace, harmony, and friendship, all aimed at fostering stability and mutual prosperity. The nation is always dedicated to building a strong and united ASEAN, enhancing its role and prestige at both regional and global stages.

France becomes Vietnam's 8th Comprehensive Strategic Partner

08:57 | 08/10/2024 Cooperation

On the occasion of the official visit to France by Party General Secretary and President To Lam on October 7, 2024, Vietnam and France issued a joint statement on upgrading their relations to a Comprehensive Strategic Partnership. As of October 2024, Vietnam has Comprehensive Strategic Partnership with eight countries.

Two historic battles of the capital’s armed force and people

09:53 | 07/10/2024 Infographic

The armed forces and people of Hanoi take great pride in two historic battles: the 60-day and night resistance alongside the entire nation (December 19, 1946 - February 17, 1947), and the 12-day and night of Hanoi - Dien Bien Phu in the air (December 18 - 29, 1972).

Policy

Vietnam turns to nuclear technology for development

10:05 | 12/10/2024 Policy

Vietnam eyes to harness the power of nuclear technology to develop the healthcare, industrial and agricultural sectors amidst increasingly stringent requirements from local consumers and export markets.

PM’s attendance at ASEAN Summits affirms Việt Nam’s spirit, vision in new era

07:50 | 12/10/2024 Policy

The Vietnamese delegation made significant contributions to all activities, conveying important messages about ASEAN and its future, affirming Việt Nam's proactive, responsible, sincere, and friendly image, and promoting relations between ASEAN and its partners.

Multiple laws under review for revisions

08:55 | 11/10/2024 Policy

HÀ NỘI — It is essential to address legal issues that involve multiple laws to make things easier for people, rather than just focusing on a single law and aiming solely to streamline government operations, stated National Assembly Deputy Chairman Nguyễn Khắc Định.

Top leader attends Hà Nội's Liberation Day anniversary, highlights potential to drive growth

20:31 | 10/10/2024 Policy

The historical moment of Hà Nội’s liberation from French colonisers seven decades ago is proof of national solidarity and aspiration for peace, a milestone in the city’s and Việt Nam’s course of development, Tô Lâm said.

Industry & Trade

MoIT approves price framework to purchase electricity from Laos

08:38 | 11/10/2024 Energy

HÀ NỘI — The Ministry of Industry and Trade has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

Foreign investors interested in green development, semiconductor industry in Vietnam

17:34 | 09/10/2024 Industry

HCM City – Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.

Việt Nam seeks Japan's cooperation in hydrogen energy development

14:33 | 09/10/2024 Energy

Vietnamese Consul General in Fukuoka Vũ Chi Mai pledged to support the NIC and the Ministry of Planning and Investment in seeking Japanese partners to help Việt Nam build and implement the hydrogen energy policy.

Việt Nam's industrial production saw positive growth in nine months

14:20 | 08/10/2024 Industry

The nine-month IIP growth was driven by the manufacturing sector (up 9.8 per cent), electricity production and distribution (up 11.1 per cent) and water supply and waste-wastewater treatment (up 9.9 per cent). Meanwhile, the mining sector fell 6.4 per cent.

Investment

RoK companies step up investment in hi-tech industries in Vietnam

17:48 | 12/10/2024 FDI

Ca Mau Province accelerates public investment disbursement

17:29 | 11/10/2024 Investment

HCM City approves US$9b Cần Giờ coastal urban development project

10:04 | 11/10/2024 Investment

Bac Ninh leads nation in FDI attraction in nine months

18:05 | 09/10/2024 FDI

Finance-Banking

PM urges WB to provide concessional loans for key infrastructure projects

08:52 | 11/10/2024 Finance-Banking

Vietnamese Prime Minister Pham Minh Chinh has called for the World Bank (WB)'s continued support and concessional loans targeting key infrastructure projects, including high-speed and urban rail systems, major seaports and airports.

DIC Corp completes buyback of $18.6 million in bonds

09:25 | 10/10/2024 Finance-Banking

Development Investment Construction (DIC Corp) said that it has fully redeemed the bonds it issued in September 2021.

Update on exclusive partnership between Manulife Vietnam and Techcombank

14:52 | 08/10/2024 Finance-Banking

Manulife Vietnam and Techcombank on Monday announced updated information on their exclusive insurance distribution partnership in Việt Nam.

VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product

09:31 | 07/10/2024 Finance-Banking

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and LOTTE C&F Vietnam Co., Ltd held a ceremony on September 27 for the signing of a MOU on optimising theirs resources, promoting sustainable growth, and bringing flexible, economical and effective consuming finance solutions to LOTTE customers.

Environment

Leveraging power of community to protect unique Yok Đôn ecosystem

14:49 | 09/10/2024 Environment

Spanning over 115,500 hectares, Yok Đôn National Park is the only dipterocarp forest ecosystem in Việt Nam.

Little cooperation from zoo operators in mass deaths of tigers, lions, panther: authorities

09:18 | 08/10/2024 Environment

A total of 50 tigers, lions and one black panther have been reported dead at Mỹ Quỳnh Zoo and Vườn Xoài Tourist Park in the past few months.

Issuing “passports” for forest visits

22:12 | 05/10/2024 Environment

The forestry sector’s initiative to develop the multi-purpose value of forest ecosystems is attracting the attention of investors, businesses, and the community. Visiting forests for sightseeing, exploring, and experiencing ecotourism will promote the development of the forest economy, contributing to education and sustainable protection of the natural environment.

Vietnam’s forestry sector leads in achieving net negative emissions

09:16 | 04/10/2024 Environment

Forestry is now the only sector capable of achieving net negative emissions, thanks to the Government's forestry development policies, including the closure of natural forests, forest protection and development, coupled with international sponsorship, said Director of the Forestry Department Tran Quang Bao.

Science - Technology

Vietnamese youth set to excel in high-tech industries

15:45 | 12/10/2024 Science - Technology

The Government's focus on having high-quality AI and semiconductor engineers create opportunities for technology students, but how to get them ready for international workplaces is the question experts are pondering.

Technology summit promotes sustainable digital economy in Việt Nam

10:35 | 12/10/2024 Science - Technology

Unleashing Southeast Asia's tech potential involves not only adopting technology but also unlocking people's creativity and ambition to build a sustainable digital economy for the region, said Thanussak Thanyasiri, Managing Director of KBTG Việt Nam at a summit in HCM City.

Vietnam ready to turn off 2G service

16:34 | 11/10/2024 Science - Technology

(VEN) - On the afternoon of October 11, the Vietnam Telecommunications Authority and the Information Center (Ministry of Information and Communications - MIC) coordinated with VietNamNet online newspaper and the Information Center (MIC) to organize a talk show “Turning off 2G service before G hour”.

Digital infrastructure strategy approved

09:50 | 11/10/2024 Science - Technology

Permanent Deputy Prime Minister Nguyen Hoa Binh recently signed a decision approving the digital infrastructure by 2025 with a vision to 2030.

Society

Implementation plan for the US$3.4 billion Thu Thiem - Long Thanh railway project

21:57 | 12/10/2024 Society

Thu Thiem-Long Thanh railway project, a nearly-42-kilometer line, is estimated to cost over US$3.4 billion.

Huge opportunities with North-South high-speed rail

09:47 | 12/10/2024 Society

The Ministry of Transport proposes a design speed of 350 km/h, a total length of 1,541 km, twin tracks, a gauge of 1,435 mm, and an estimated cost of US$67.34 billion for the mega project.

Implementation of Red River Delta Region Planning approved

09:00 | 11/10/2024 Society

HÀ NỘI – Detailed plan for the development of both sides of the Red River has been officially signed off with a focus on connectivity and tackling congestion.

Nine Vietnamese universities make global rankings 2025

17:05 | 10/10/2024 Society

HÀ NỘI — Nine Vietnamese universities have secured places in the prestigious Times Higher Education (THE) World University Rankings for 2025.

Vietnamese Brands

Fifteen Vietnamese banks named in the global top 500 banking brands

16:24 | 10/10/2024 Vietnamese Brands

Fifteen Vietnamese banks are named on the world’s top 500 banking brands, announced by the world's leading brand valuation consultancy Brand Finance.

Việt Nam's second rice brand enters picky Japanese market

09:03 | 10/10/2024 Vietnamese Brands

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.

Ben Tre to export first batch of fresh coconuts to China in October

09:41 | 08/10/2024 Vietnamese Brands

The Mekong Delta province of Ben Tre is urgently preparing necessary conditions to export its first batch of fresh coconuts to China under a fresh coconut export protocol signed recently between Vietnamese and Chinese management agencies.

Mê Linh harnesses the potential of OCOP products

09:36 | 07/10/2024 Vietnamese Brands

Mê Linh has been actively promoting the OCOP programme alongside agricultural development over the past few years.

Culture

Việt Nam promotes location opportunities at Busan International Film Festival

09:41 | 11/10/2024 Culture

The Việt Nam Film Development Association (VFDA) and the People's Committees of Đà Nẵng, Ninh Bình, Phú Yên and Quảng Ninh Cities and Provinces jointly organised activities to promote Vietnamese cinema at the 29th Busan International Film Festival (BIFF) in South Korea.

Hanoi – World’s Leading Culinary City Destination

16:15 | 10/10/2024 Lifestyle

(VEN) - Hanoi, the capital of Vietnam, became a World’s Leading Culinary City and Asia’s Best Culinary City Destination during the fifth awards ceremony of the World Culinary Awards recently held in Dubai of the United Arab Emirates (UAE). This achievement continues to affirm the capital’s culinary reputation among international visitors.

Pride and patriotism: the ‘expat’ view

09:19 | 10/10/2024 Culture

Patriotism is not about saying my country is better than yours, it’s about saying “I love my country” and when your country is Vietnam, there’s a lot to love.

German Film Awards winner opens Kinofest in Hà Nội

09:16 | 10/10/2024 Culture

Kinofest is the Goethe-Institute's annual film festival in Southeast Asia dedicated to contemporary German cinema. It will take place from October 10 to November 30 and will show nine films in Hà Nội, central Thừa Thiên-Huế Province, HCM City and southern Bình Dương Province.

Tourism

Hà Nội develops tour to explore Thường Tín’s craft villages

09:32 | 11/10/2024 Tourism

The Hà Nội Department of Tourism and the People's Committee of Thường Tín District are developing a tour named “Duyên Thái Craft Village Art”.

Vietnam Airlines promotes tourism in Germany

09:27 | 10/10/2024 Tourism

Vietnam Airlines, in collaboration with the Tourism Departments of Hanoi and Ho Chi Minh City, Sai Gon Tourist Group, and Munich Airport recently held a promotion programme in Munich to popularise Vietnam’s tourism and culture and to enhance tourism cooperation with European countries.

Việt Nam sees surge of tourists from visa-exempt countries in 2024

09:46 | 08/10/2024 Tourism

International tourist arrivals to Việt Nam from some major markets, like China, Japan, Thailand and Malaysia still lag behind pre-pandemic levels.

Cultural tourism requires more investment to become cultural industry

09:24 | 08/10/2024 Tourism

Việt Nam has been praised internationally for its cultural resources and tourism development, but much still needs to be done to transform cultural resources into tourism value and cultural tourism into a cultural industry.

Transport sector plans to reach public investment disbursement rate of 98% this year

See also

See more news

Multimedia